Hello all,I'll try and keep it short. I have been managing my parents properties ever since they couldn't manage them themselves. They are at the point that they need to move into and pay for their ALF. It's very expe...
Why should we still invest in real estate? Are there no better options, like a REIT's, Stocks, Bitcoin, or other things? Finding good cash flowing deals are damn near impossible. Prices are through the roof, Insurance...
Is there a tax deduction/protection strategy for a 67 year old to hold a note on a capital gains tax? For instance will the seller pay less in taxes on the income he makes from 3k a month as opposed to a bulk payment ...
Hey all,
First post on BP and I'm a relative new comer to RE investing so be gentle. Here's my current setup:
-a long held rental property (condo) in my name with a loan in my wife and my name jointly.
-a recently a...
We invest in Maryland (which is where our LLC is registered) but we're considering doing a flip in Pennsylvania. To avoid the non resident withholding tax, do people usually create a new LLC in the state in which they...
I was watching an infomercial by John Beck's program that claims you can buy properties for few hundred dollars (about $300) from tax foreclosure sales. Can somebody explain that to me???
Honestly, it screams SCAAAA...
I've tapped into a family member for funding. It's my understanding that anything over $15,000 is taxable. Since 50>15, how can my donor avoid being taxed on this "gift".
Hi, I'm new to BiggerPockets and have a few startup questions: Do I have to wait until I have an LLC set up before I can actual do any transactions? If so, how do I handle this when I file my 2009 taxes? Also, I suppo...
Newbie question and completely hypothetical, just trying to wrap my head around how all this works.Say I have a property "A" I bought for $1,000,000 and it appreciated to $2,000,000 after 5 years. Assume used as an in...
I found a 3/1 2,200sqft row house in Baltimore, MD for $75,000. Here are the numbers:
Price: $75,000
Repairs: $2,000
ARV $97,000
Section 8 rent: $1598
Taxes: $2,200 yearly
Insura...